double post

[chrissyk]

double post

 

[worm761]

in florida right now you are lucky if you can get homeowners insurance. insurance companies have been dropping people left and right. as for shopping around, yes. i will go with the best coverage at the best rate. that doesn't always mean the cheapest rate.

as for your situation...why not shop around see what numbers you get. i know alot of insurance companies will give you discounts with mutiple policies. your current company is not the only one that will write all of your policies. and if you have to go with two different companies, it may be best. but make sure your research these companies. and if you have homeowners and are in a hurricane zone...make sure that your coverage has flood, wind and hurricane coverage. they are all different things. that is how alot of these companies are getting out of paying for hurricane damage.

 

[chrissyk]

We do have separate flood, etc.

 

[ducklite]

I shopped around and am happy with my carrier. I know there are two others that would write me, so I'm not worried about getting dropped. I have no reason to change, I'm satisfied with the cost of my coverage and my carrier.

I have wind and hurricane coverage. At 240 feet above sea level being one of teh highest points in the state, and I do not carry flood. It would be impossible for me to flood unless the rest of the state and much of the Southeast US looked like WaterWorld.

Anne

 

[Disney Doll]

No. We have our homeowners and our car insurance with the same company...Amica Mutual. They are the best insurance company!!!! They have been my car insurer since I learned how to drive 27 years ago, when we got married, they become DH's car insurance and then when we bought the house, they became our homeowners insurance as well.

Every claim I have ever had to do with them has been a wonderful experience...and believe me, in my younger days I had some doozies for car accidents!!!!!!!!!!!!!! Another company would have to go a far sight to get me to switch. I've had other companies offer cheaper rates, but not cheaper enough to entice me to give up the level of service I get from Amica.

 

[DebbieB]

It doesn't hurt to shop around but be sure to get a major carrier. If you have one of the big name insurance companies they are unlikely to pull out of the state when things get bad. I would shop all your coverages, you are more likely to get a good price if you keep it all together, most companies give discounts for multiple lines of coverage.

 

[lookingforward]

We have USAA and they are great, but being in Palm Beach County our costs keep going up. Taxes are astronomical and home owner insurance has risen about 30%. Total cost for the two per month is over 1,000. I am not sure we will stay here when our son graduates, the cost of living has risen so much. (central florida or North Carolina perhaps)

One nice thing about USAA is that they have been wonderful with claims. We had a washing machine flood our home and they took care of everything. After every hurricane they call and if we lost food due to power outage they pay for it (without it counting against our claim history). After our washing machine flood they could have cancelled us but did not. The increases to the policy was partly due to that, though. ($28,000 in damage)

I advocate shopping around, and depending on what county you live in, you should be able to get a few quotes to compare coverage and deductibles.

 

[chrissyk]

It doesn't hurt to shop around but be sure to get a major carrier. If you have one of the big name insurance companies they are unlikely to pull out of the state when things get bad. I would shop all your coverages, you are more likely to get a good price if you keep it all together, most companies give discounts for multiple lines of coverage.

We definitely do have a big name insurance company now.

 

[DebbieB]

I work for a major insurance company and the laws are pretty strict in the high risk states about dropping coverage. They usually will not write new policies but are kind of forced to stay on what they have. I work in Commerical Accounts and we have received bulletins right and left from the Gulf States about the new laws for terminating coverage or changing coverages. Florida has recently enacted a law giving you the option of a yearly wind deductible instead of a per occurrence deductible. This came after some people were hit with 3 storms last year and 3 deductibles. The companies are very careful about following the rules, the last thing you want is a fine from the insurance commissioner.

 

[chrissyk]

I work for a major insurance company and the laws are pretty strict in the high risk states about dropping coverage. They usually will not write new policies but are kind of forced to stay on what they have. I work in Commerical Accounts and we have received bulletins right and left from the Gulf States about the new laws for terminating coverage or changing coverages. Florida has recently enacted a law giving you the option of a yearly wind deductible instead of a per occurrence deductible. This came after some people were hit with 3 storms last year and 3 deductibles.

This may be a stupid question, but if an insurer is prevented from pulling out, can't they just raise the premiums on the grandfathered policies so much that those people cancel on their own Is there a law that prevents them from doing that?